European shares were mixed in morning trade, failing to continue a rally on Wall Street after accommodative comments from U.S. Federal Reserve Chair Janet Yellen.» Read More
NEW YORK, April 16- Citigroup Inc, which aspires "to become the world's digital bank", will not webcast its annual meeting next week in St. Louis. Of the top six U.S. banks, only Citigroup and Wells Fargo& Co do not allow investors to listen to live audio from their annual meetings.
Bank of America Corp. fell$. 26 or 1.6 percent, to $16.13. Citigroup Inc. fell$. 13 or. 3 percent, to $48.18. Goldman Sachs rose $2.30 or 1.5 percent, to $157.22.
WASHINGTON, April 16- Two U.S. senators on Wednesday pushed the Federal Reserve to write tough new rules to limit Wall Street's role in commodity markets, stepping up pressure for a clampdown on some of the country's largest banks.
LONDON, April 16- Last Thursday morning investors queued around the block to buy the bonds of recent defaulter Greece, and by the end of the day were selling U.S. tech stocks furiously.
ATHENS, April 16- National Bank of Greece was set to be the fourth Greek lender to tap international markets through a share offering on Wednesday after plans were approved for it to raise up to 2.5 billion euros to boost its core capital.
Bank of America Corp. fell$. 40 or 2.4 percent, to $16.00. Citigroup Inc. fell$. 57 or 1.2 percent, to $47.74. Goldman Sachs rose $1.33 or. 9 percent, to $156.25.
The company raised about $163 million after its offering was priced at $25, below the expected price range of $26- $29 per share. Moelis, founded and led by veteran Wall Street investment banker Ken Moelis, offered 6.5 million shares of Class A common stock, lower than the 7.3 million it had initially planned.
April 16- Bank of America Corp reported an unexpected first-quarter loss on Wednesday after it took a $6 billion charge to cover litigation expenses, a figure that far exceeded the legal settlements the No. 2 U.S. bank has announced recently.
Bank of America Corp. fell$. 46 or 2.8 percent, to $15.94. Citigroup Inc. fell$. 66 or 1.4 percent, to $47.65. Goldman Sachs rose$. 67 or. 4 percent, to $155.59.
Toyota says it changed every exterior piece but the roof. But Toyota acknowledges that tastes have changed, and buyers of midsize cars want more style, comfort and performance to go with the reliability.
Ex-Galleon trader Turney Duff offers an insider's view of how learned about Wall Street's dirty little secret: insider trading.
*Japan finmin upbeat on economy, hints pension fund may act. LONDON, April 16- The yen fell against the dollar and the euro on Wednesday, hit by comments by Japan's finance minister that traders took as a sign of future buying of Tokyo stocks by its state pension fund.
The yen fell against the dollar and the euro on Wednesday, on pension fund comments by Japan's finance minister.
LONDON, April 16- The yen fell against the dollar and the euro on Wednesday, hit by comments by Japan's finance minister that traders took as a sign of future buying by its giant state pension fund of Tokyo stocks.
Many stock markets around the world are at or near their highest levels ever, so perhaps a correction is on the cards. The asset class that benefits most in this environment is fixed income.
*Goldman Sachs and Morgan Stanley lead underwriters for offering. April 15- Moelis& Co's initial public offering has been priced at $25 per share- below its expected range- a market source said, valuing the independent investment bank at about $1.29 billion.
April 15- Moelis& Co's initial public offering has been priced at $25 per share, a market source said, valuing the independent investment bank at about $1.29 billion. The company's IPO raised about $162.5 million at that price, which was slightly below the expected price range of $26- $29 per share.
Barcode printer maker Zebra Technologies said it would buy Motorola Solutions enterprise business for $3.45 billion in cash.
NEW YORK, April 15- U.S. stock index futures pointed to a modestly higher open on Tuesday as earnings from Coca Cola and Johnson& Johnson helped overshadow a mixed bag of economic data.
Companies making headlines before the bell: